Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Corporate/Elimination	-1.77B	-1.78B	-1.47B	-1.69B	-1.30B
Baijiu	1.50B	2.16B	2.08B	-	-
Baijiu Growth	-30.77%	3.74%	-	-	-
Eastern Region	18.37B	18.28B	18.53B	17.96B	17.22B
Eastern Region Growth	0.50%	-1.37%	3.17%	4.32%	5.17%
Southern Region	10.22B	10.18B	9.93B	9.50B	9.06B
Southern Region Growth	0.46%	2.49%	4.58%	4.77%	8.51%
Central Region	9.67B	9.80B	9.86B	9.50B	8.41B
Central Region Growth	-1.39%	-0.57%	3.78%	12.94%	6.64%
Total	37.99B	38.64B	38.93B	35.26B	33.39B
Total Growth	-1.68%	-0.76%	10.40%	5.62%	6.17%

Source: S&P Global Market Intelligence.